Alltech agrees on purchase of Keenan
Alltech has agreed to acquire Keenan, a leading farming solutions company in Ireland. Keenan, now part of the Alltech family of companies, is the 14th acquisition for Alltech globally since 2011.
“The Keenan group has long been a friend of Alltech. This is a story about two great Irish; globally-minded companies coming together. As an Irishman, I am delighted to welcome Keenan to our family, because together we can deliver greater value to our global farming customers with a wider variety of technological solutions,” said Dr. Pearse Lyons, founder and president of Alltech.
“Between Alltech’s primacy in science and Keenan’s manufacturing strength and technological know-how, we have a winning combination for delivering greater farm efficiency and profitability direct to our farming customers.”
Alltech and Keenan have identified possible growth opportunities together, which may include nutritional technologies and feeding programmes focused on feed efficiency and herd health as well as advanced ration formulation.
“This is an exciting time for Keenan to join us here at Alltech,” stated Alric Blake, CEO of Alltech. “Alltech is looking for avenues to better deliver the Alltech brand to farmers and provide nutritional solutions to those who directly benefit from their use, whether in animal or crop production. Science and technology are at the forefront of everything we do. This new journey with Keenan further strengthens our ability to deliver on-farm nutrition solutions.”
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Keenan will continue to be headquartered in Borris, Co. Carlow, Ireland. Together, Alltech and Keenan employ nearly 300 people in Ireland and close to 5,000 globally.